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Sep 30, 2012
09/12
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Oct 1, 2012
10/12
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including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers are split on how broadly they should hit the president over his handling of the attack and why it took so long to acknowledge it was an act of terrorism. some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was pa
including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers...
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Sep 29, 2012
09/12
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that only pays for 8% of his proposed deficit spending. overseas, where i come from, that means make superior. we both live near canada. the canadians have this figured out. other countries have this figured out. canadians lowered taxes on businesses to 15%. president obama wants the tax rate on our successful small businesses and job creators above 40%. when we tax our job creators at much higher tax rates than foreign competitors, we went -- we win and they lose. we do not want to tax the small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the government spends. we cannot keep the federal reserve doing what it is doing. we cannot keep looking our children in the eye knowing we're going to give them a diminished future because we are spending their money today. it is a simple idea. mi
that only pays for 8% of his proposed deficit spending. overseas, where i come from, that means make superior. we both live near canada. the canadians have this figured out. other countries have this figured out. canadians lowered taxes on businesses to 15%. president obama wants the tax rate on our successful small businesses and job creators above 40%. when we tax our job creators at much higher tax rates than foreign competitors, we went -- we win and they lose. we do not want to tax the...
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Oct 2, 2012
10/12
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that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the treasury bonds or why you carve out the spousal exemption for why you took $5 million from sheldon adelson. this is from my son. last year when you and the president went on a budget standoff that threaten to shut down the government, he voted to continue paying members of congress. you voted against a bill which would have been short the members of the armed services continue to get paid. how could you in good conscience vote to continue your own pay but vote to stop paying our servicemen and women that you voted to send into combat in afghanistan?
that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the...
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Sep 30, 2012
09/12
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it would increase the deficit by $6 trillion over 10 years. ask yourself now, which loophole is he going to cause to make up the difference? he doesn't say and there aren't enough loopholes to do that in any case. most middle-class people like you do not consider the mortgage interest deduction to be a loophole. unlike the deductibility. and in the recent past, congressional republicans have refused to repeal that even the egregious tax loophole a corporate jet to the deficit claims are essentially fraudulent. it's simply bait for the rooms. and yes, they consider all of you to be potential. chapter five of the book describes republican tax policy as follows, quote, although you won't find it in their party platform, the gop's mission is to protect and further enrich america's plutocracy. the parties caterwauling about deficits and debt is so much eyewash to bind the public. in reality, republicans act as bellhops for corporate america and the super rich behind those corporations. in the calculus of washington politics is part to spread the go
it would increase the deficit by $6 trillion over 10 years. ask yourself now, which loophole is he going to cause to make up the difference? he doesn't say and there aren't enough loopholes to do that in any case. most middle-class people like you do not consider the mortgage interest deduction to be a loophole. unlike the deductibility. and in the recent past, congressional republicans have refused to repeal that even the egregious tax loophole a corporate jet to the deficit claims are...
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Oct 2, 2012
10/12
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they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde, managing director of the international monetary fund. late today secretary of state hillary clinton said she put together a commission to investigate the attack on the u.s. consulate in benghazi, libya. it will be led by the former head of the joint chiefs of staff, admiral mike mullen and former u.s. ambassador thomas pickerring. they will look at security and how four americans, including ambassador chris stevens, were killed in an attack on the anniversary of september 11. american airlines discovers why some of its seats came loose. u.s. soldiers are on the lookout for afghan allies who may be enemies. and why half of the great barrier reef has vanished. when the "cbs evening news" continues. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf be
they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde, managing director of the international monetary fund. late today secretary of state hillary clinton said she put together a commission to investigate the attack on the u.s. consulate in benghazi, libya. it will be led by the former head of the joint chiefs of staff, admiral mike mullen and former u.s. ambassador...
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Oct 1, 2012
10/12
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get...
SFGTV2: San Francisco Government Television
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Sep 28, 2012
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this year, we're facing another budget deficit of almost $400 million. fortunately in recent years, we have had some ability to do some one-time budgeting tricks that allow us to balance the budget that do not exist this year. in past years, we've received federal stimulus money. we received more monies from the state government. last year our labor unions decided to contribute a quarter of a billion dollars to help balance last year's and this year's budget. those are things we do not have the ability to avail ourselves of us we balance the upcoming budget in a few months. we are faced with far fewer options. i think we are going to have to continue to look at very deep and difficult cuts. our priorities have to be insuring and protecting the most basic city services and helping to ensure that we have services to the most vulnerable during this great recession. >> what about the city's housing needs? what should the board due to address those needs? >> we are a city that is seventh by 7 miles. we have incredible density. we're the densest neighborhoods
this year, we're facing another budget deficit of almost $400 million. fortunately in recent years, we have had some ability to do some one-time budgeting tricks that allow us to balance the budget that do not exist this year. in past years, we've received federal stimulus money. we received more monies from the state government. last year our labor unions decided to contribute a quarter of a billion dollars to help balance last year's and this year's budget. those are things we do not have the...
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Sep 30, 2012
09/12
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in battled ground florida, where he argued that the obama administration inherited trillion-dollar deficits from the bush administration. >> they put two wars on a credit card, not paying a penny, not paying a penny. >> reid: meanwhile be president obama and mitt romney were hunkered down today cramming for next week's debate showdown. both sides are working hard to lower expect aches by praising their opponents. a romney adviser says the president has the advantage as one of the most talented political communicators in modern history. the obama campaign says romney has the agent having debated about two dozen times during the republican primary campaign. >> both of these individuals are had ample experience debating but governor romney has had more practice recently and practice helps. >> kathleen hall jamieson kathls the nonpartisan annenberg center. >> the challenger has the opportunity to establish he is competent to stand up and hold his own against the president of the united states. a challenger who accomplishes that in effect wins the first debate. >> reporter: jamieson says both ca
in battled ground florida, where he argued that the obama administration inherited trillion-dollar deficits from the bush administration. >> they put two wars on a credit card, not paying a penny, not paying a penny. >> reid: meanwhile be president obama and mitt romney were hunkered down today cramming for next week's debate showdown. both sides are working hard to lower expect aches by praising their opponents. a romney adviser says the president has the advantage as one of the...
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Oct 2, 2012
10/12
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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Sep 25, 2012
09/12
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i believe we can lower the deficit and debt, but we will not do it, we should not do it, we cannot do it at the expense of the important programs for seniors. >> welcome, everybody. thank you for coming out today. i want to give a big thanks to the missouri press association and giving me a chance to introduce myself to the misery and people. like many of you, i am tired of the constant fighting of republicans and democrats. beating the other team has become more informed than finding solutions to american's problems. america is on the verge of a financial collapse, and both parties are to blame with the reckless borrow, taxes and spend parties. for as long as i can remember, and most of you as well, republican and democrat politicians have offered up solutions, but america's problems have only gotten worse. higher and higher taxes. more intrusions in your business and personal life. enough is enough. i will stand up for your personal freedom. i will stand up for marriage equality, legalization of marijuana. i am fiscally responsible. i want the government to be a good steward of your
i believe we can lower the deficit and debt, but we will not do it, we should not do it, we cannot do it at the expense of the important programs for seniors. >> welcome, everybody. thank you for coming out today. i want to give a big thanks to the missouri press association and giving me a chance to introduce myself to the misery and people. like many of you, i am tired of the constant fighting of republicans and democrats. beating the other team has become more informed than finding...
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Oct 1, 2012
10/12
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seems, was that the media is pushing mitt romney and paul ryan for specifics on their budget plan, on deficit reduction, but i believe it was haley barbour and others that say the president is not being held to that same standard, the example they bring up is that the president says 1 million jobs -- mitt romney said 12 million and he has not explained but nevertheless, they see this is not equal treatment. when the president is on stage domestic policy, will he be under more fire to talk about the direction of the country because the responsibility and the onus right now is on him being the incumbent? >> i mean, absolutely. here's the reality. if you look at this in terms of, you know, what i think is going to end up happening in this debate, both candidates are going to force -- are going to be forced to answer the gaps if you will. i think the difference is, romney's gaps are the size of the grand canyon. the president i think has laid out pretty clear specific agenda in terms of where he wants to go. plus he has a record that he can go back to. he has a record he has to defend. but romney
seems, was that the media is pushing mitt romney and paul ryan for specifics on their budget plan, on deficit reduction, but i believe it was haley barbour and others that say the president is not being held to that same standard, the example they bring up is that the president says 1 million jobs -- mitt romney said 12 million and he has not explained but nevertheless, they see this is not equal treatment. when the president is on stage domestic policy, will he be under more fire to talk about...
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Oct 2, 2012
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there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all, it is truly uplifting, i think everyone would agree, to see so many people turning out on an early saturday morning when you could be doing other things. there has to be a rerun of " housewives of orange county," or sipping cappuccinos, rather than talking about this. as someone who has knocked around in for a few years, it is truly cheery to me to see that passion out there and that you have voted with your feet in such numbers, so thank you all for making me feel good. as i look across the coverage of this campaign, there are a few things i think are worth p
there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all,...
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Sep 30, 2012
09/12
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why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestrat
why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been...
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Oct 1, 2012
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than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a fair fight? is that a fair issue? >> guest: you know, china has to live up to its obligations under the world trade organization like anyone else, but, you know, here we in the mall, washington monument there, white house there, constitution avenue. when you see the chinese feeling what really is of value, it's hiding in plain sight, the declaration of independence and the bill of rights, then you should start to worry, but if they cheat here and there, they take the next thing we produce because we have that incredible foundation here of rule of law, protection of property, and a wonderful soc
than you produce, but trade deficit was not a great concern, but over time with the deficit, that's going -- you'll pay for that one way or another. in the current campaign, one of the commercials broadcast in some of the battleground states like this area is the china commercial, mitt romney accusing president obama of allowing the chinese to cheat as it were, and that manufacturing jobs for the first time, more manufacturing jobs in china and the obama administration's responding. is that a...
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Sep 30, 2012
09/12
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just last hour the european team rallied from a major deficit to retain golf's prestigious ryder cup. cnn is live in medinah, illinois. shane, the u.s. team had a big lead going into the final day. what was the turning point for the europeans? >> reporter: i think that, deb, to be honest with you they were instilled with a faith, a belief, and the happy by their captain. he was a long time partner of seve. he was impressed on them his never say die attitude. he truly was a tat lis mattic figure in so many ryder cups. the americans led 10-6 and the europeans had never staged a comeback like this before in the history of the competition. there was a belief they could do it and they went out and won the first five matches. that whole belief filtered through to the rest of the team. it was a stunning success. the winning putt effectively coming on the 18th green by martin kaymer. he holed out for this crucial pair against stref stricker. it meant the europeans retained the cup. they had won 8 points out of 12 on the final day. in the final match tiger woods was up against the italian. the
just last hour the european team rallied from a major deficit to retain golf's prestigious ryder cup. cnn is live in medinah, illinois. shane, the u.s. team had a big lead going into the final day. what was the turning point for the europeans? >> reporter: i think that, deb, to be honest with you they were instilled with a faith, a belief, and the happy by their captain. he was a long time partner of seve. he was impressed on them his never say die attitude. he truly was a tat lis mattic...
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Sep 27, 2012
09/12
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they're trying to get the deficit down to 4.5% deficit. quite frankly, that is pie in the skil according to pretty much all the analysts and the economists. and it's just a question of how much they'll miss by. because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis
they're trying to get the deficit down to 4.5% deficit. quite frankly, that is pie in the skil according to pretty much all the analysts and the economists. and it's just a question of how much they'll miss by. because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16%...
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Sep 30, 2012
09/12
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Sep 30, 2012
09/12
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KNTV
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mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because they'll pay the burden if he is elected because the hole is just too big. and it will be interesting on wednesday. if he says he's not going to burden the middle class, then he's going to blow a hole in the deficit. >> will we see president obama here on "meet the press" before election day? >> well, there's 37 days left, so we'll stay in contact about it. >> all right. we hope to see him here. mr. plouffe, thank you. >> thank you, david. >>> coming up, what are the stakes for both campaigns? the roundtable will get into it. founder of
mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because...
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Sep 30, 2012
09/12
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mitt romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. one of the things that will be interesting wednesday, if he'll finally explain hows had math adds up. he's got a $5 trillion tax cut and nour $2 trillion in defense spending that our defense leaders say they don't need if he's not going to add to the deficit, the middle class better watch out because they're going to pay the burden if he's elected president, because the whole is just too big. so if he says he's not going to burden the middle class, then he's going to blow a hole in the deficit. >> will we see president obama on "meet the press" before election day? >> there's 37 days left. so we'll stay in contact about it. >>> coming up, we talk more about the first debate. what are the stakes for both campaigns. the round table will get into it founder of the faith and freedom coalition, ralph reed, former democratic pennsylvania governor, ed rendell. the bbc's catty kay and nbc's chuck todd. here's what happened... i w
mitt romney doesn't have a deficit plan. he's got a plan to cut taxes for millionaires and billionaires. one of the things that will be interesting wednesday, if he'll finally explain hows had math adds up. he's got a $5 trillion tax cut and nour $2 trillion in defense spending that our defense leaders say they don't need if he's not going to add to the deficit, the middle class better watch out because they're going to pay the burden if he's elected president, because the whole is just too...
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Oct 2, 2012
10/12
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attacks do anything to create a job, do anything to educate a child, or do anything to bring down the deficit. but attacks at character assassination make it a lot harder to solve problems, to compromise to sit down and get something done. >> coming from the face of republican obstructionism, how do you respond to that, quickly. >> well, it's an incomprehensible jumble of words. i was presenting facts and he doesn't like the facts. maybe he can't take the truth. the truth is he's an obstructionist and in it for himself. >> well, do you think the people in your district, quickly, are holding the obstructionist -- do they view him as the obstruni
attacks do anything to create a job, do anything to educate a child, or do anything to bring down the deficit. but attacks at character assassination make it a lot harder to solve problems, to compromise to sit down and get something done. >> coming from the face of republican obstructionism, how do you respond to that, quickly. >> well, it's an incomprehensible jumble of words. i was presenting facts and he doesn't like the facts. maybe he can't take the truth. the truth is he's an...
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Oct 3, 2012
10/12
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fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my plan. compare it to governor romney's,and decide for yourself. thanks for listening. i'm barack oma and i approve this message. >> you are watching abc 7 news at 5:00, on your side. >> today marks the tenures since the terrifying day when there was a shooting -- today marks 10 years since the terrifying day when there was a shooting. john allen muhammad his wife is telling a story. brad? >> yes alison, 10 years ago i stood in this spot. the second shooting took place at that gas pump. the police tried to figure out what on earth was going on with the so-called d.c. sniper. today, we had a chance t
fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my...
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Sep 26, 2012
09/12
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the federal deficit went up $16,000 every second george allen was a united states senator. voted to raise the debt ceiling four times, voted to raisehis own salary four times. now he's talking like the fiscal conservative, but his record as a senator says we can't afford to let him have another crack at it. with respect to the particular or question on the deductions, again, i think the right strategy is going to be some aggregated examines of deductions rather than trying to fight the entrenched interests on issue to issue. and you could have the amount or percentage of deductions vary by income, you could do it in this a way that the tax code set up already. but i think that's probably the most likely path -- >> moderator: all right, we're out of time on that answer. allen: may i have some time to rebut? >> moderator: sorry, not according to your rules. i'm following the time that you both agreed to, otherwise i would because i always like more rather than less. let me go to eric gill crest of news 4. >> moderator: virginians are divided on whether they want the affordabl
the federal deficit went up $16,000 every second george allen was a united states senator. voted to raise the debt ceiling four times, voted to raisehis own salary four times. now he's talking like the fiscal conservative, but his record as a senator says we can't afford to let him have another crack at it. with respect to the particular or question on the deductions, again, i think the right strategy is going to be some aggregated examines of deductions rather than trying to fight the...
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Sep 27, 2012
09/12
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that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if low-income women ever facing increased work in garments. it was absolutely clear and in that debate that most of the low income women been expected to work or not going to earn enough to pay for child care. this is still true. the battle over quality was eliminated. the governor leading the welfare discussion wanted to completely eliminate minimum standards on the quality set aside. we won bipartisan support to maintain both, but we lost the requirement. there was no meaningful discussion of improvements over those two yea
that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if...
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Oct 1, 2012
10/12
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KPIX
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the european team wiped out a four-point deficit on sunday beating the u.s. team. >> it was a stunning collapse for the american squad. three of the 12 players won their matches on sunday. david feherty watched it all at the medinah country club outside of chicago. first of all, just the ryder cup. you see that enthusiasm. it's a greet event. sort of, back in that environment, if you like. it gets the crowd into it like no other event in golf can do. >> what happened? >> well, ian poulter started a recovery -- >> on saturday. >> on saturday by birdieing the last five holes and last two matches for the europeansing looked like they were going to go the wrong way, in which case, you know, it was over. and it was over anyway at 10-4. because of the momentum that they came in with, you know, i said that evening, you know, they feel like they are tied 6-10. at that point i don't think a european team or any team had gone into, you know, the locker room that evening four matches behind and felt so good about themselves. >> an poulter five birdies in a row. what abo
the european team wiped out a four-point deficit on sunday beating the u.s. team. >> it was a stunning collapse for the american squad. three of the 12 players won their matches on sunday. david feherty watched it all at the medinah country club outside of chicago. first of all, just the ryder cup. you see that enthusiasm. it's a greet event. sort of, back in that environment, if you like. it gets the crowd into it like no other event in golf can do. >> what happened? >> well,...
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Oct 2, 2012
10/12
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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Sep 29, 2012
09/12
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there's no one who is saying we have to widen the deficit or the deficit, as wide as it is, it's not a problem. everyone exceeds to it, but the debate is about how to get it done, and also, the nature of the government that's the consequence of how it gets done. if you spend more, government grows. if you shrink the budget, government contracts, and that has implications for the republic that have been debated since jefferson and hmm lton. it's an ongoing debate always in america, but if you think about what's been accomplished in the last year, everyone knows we have to solve the problem. how we solve it resulted in the impasse, but the fact everyone agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem, and as you said, if you've got, you know, slow, but stable growth for an extended period of time here, then ultimately, revenues have to go up and expenditures have to go down. neither of which is particularly healthy in terms of fostering economic growth. if you have taxes going up in the united states and expenditures go do
there's no one who is saying we have to widen the deficit or the deficit, as wide as it is, it's not a problem. everyone exceeds to it, but the debate is about how to get it done, and also, the nature of the government that's the consequence of how it gets done. if you spend more, government grows. if you shrink the budget, government contracts, and that has implications for the republic that have been debated since jefferson and hmm lton. it's an ongoing debate always in america, but if you...
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zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and about three individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france is currently there may fall into the same trap many of his predecessors did. who in the past decades of governments have been cutting and cutting and cutting mistreats expenses to balance budgets but in fact the more they cut the slower the economic growth and consequently more cuts this will be a catastrophic budget i think taxing the reach an unprecedented seventy five percent for those that earn however a million euros a year was one of our lands crucial election promises allow a publisher editor and a french millionaire says the move is nothing but a political game. he did this to make his electorate co
zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and about three individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france is...
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Sep 26, 2012
09/12
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CNBC
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means we need to, you know, over the next few years, maybe five to ten years reduce our structural deficit by 1.5 trillion dollars a year. that's a lot of heavy lifting. you know, can we do that? perhaps. but the united states has gotten itself into a corner in terms of high debt level. it may lower real economic growth going forward. >> we didn't even bring up a picture of wimpy, the cartoon character you referred to in the last note. we'll look at the next one coming up shortly. >> thank you. >> certainly europe is a big part of the story again. another massive protest under way in spain. demonstrators railing against deeper austerity cuts. let's go to cnbc's own steve sedgwick in madrid. what's the situation on the ground? >> yeah. on the ground in this part of madrid we are just waiting to see if we see a recurrence of the violent scenes we have seen in the last 24 hours. scenes i have seen too much in greece and basically people are protesting against the kind of austerity that we know has to come if this country will get itself back on its feet. the austerity bill gross was talking a
means we need to, you know, over the next few years, maybe five to ten years reduce our structural deficit by 1.5 trillion dollars a year. that's a lot of heavy lifting. you know, can we do that? perhaps. but the united states has gotten itself into a corner in terms of high debt level. it may lower real economic growth going forward. >> we didn't even bring up a picture of wimpy, the cartoon character you referred to in the last note. we'll look at the next one coming up shortly....
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Oct 2, 2012
10/12
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. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend more money on medicare when we n
. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his...
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Oct 1, 2012
10/12
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CNBC
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we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the details ou
we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between...
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Oct 1, 2012
10/12
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Oct 2, 2012
10/12
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CSPAN2
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eye 126
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[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-rig
[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country...
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Sep 26, 2012
09/12
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,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you spend money? that means businesses have more customers. and they hire more workers. that is what we can do to the economy. that is what we can do today, so i am looking forward to working with republicans to reduce our deficit, but i refuse to us middle-class families to give up their deductions to pay for another millionaire tax cut. [applause] i refuse to ask all the students to pay more for college or to kick children off the headstart program so i can take a tax break we do not need. [applause] we're
,deficit. just us them to explain how the numbers work, because they do not. they do not have a deficit reduction plan. they have a deficit expansion plan. governor romney may think it is fair that someone who makes $20 million a year like he does should play a lower rate. do not boo. vote. i do not think that is fair. i do not think it helps the economy grow, so we cut taxes. we want to keep taxes for 97% of americans, and you have a so you may end up trading in that car. what happens when you...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Oct 1, 2012
10/12
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it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria. but it is not a strategic program, but just a list of projects. in the case of discretionary grants, and the new starts program being a big element of that, this is a resource process. something that the criteria that applied in making a decision about money to new york or money to denver, sometimes those criteria are too rigorous, not per bree, etc. it is a very extensive -- not appropriate, etc. it is a very extensive and respect application. these projects often take 10 years, 15 years, 20 years in some cases to be completed. there has to be some degree of the assurance that the federal funds wi
it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria....
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Sep 27, 2012
09/12
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WGN
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. >> coming up, cook county to close the budget deficit of more than $100 million why taxpayers will have to worry about filling that gap. also on monday we told you about how chicago played a role in chicago connection. you know what i love about this country? trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day block the acid with prilosec otc and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ introducing free layaway at kmart. it's a great time to get shopping. with hotwire's low prices, we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ ♪ hotwire.com ♪ [ bell tolls ]
. >> coming up, cook county to close the budget deficit of more than $100 million why taxpayers will have to worry about filling that gap. also on monday we told you about how chicago played a role in chicago connection. you know what i love about this country? trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and...
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Oct 2, 2012
10/12
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MSNBC
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attacks do anything to create a job, do anything to educate a child, or do anything to bring down the deficit. but attacks at character assassination make it a lot harder to solve problems, to compromise to sit down and get something done. >> coming from the face of republican obstructionism, how do you respond to that, quickly. >> well, it's an incomprehensible jumble of words. i was
attacks do anything to create a job, do anything to educate a child, or do anything to bring down the deficit. but attacks at character assassination make it a lot harder to solve problems, to compromise to sit down and get something done. >> coming from the face of republican obstructionism, how do you respond to that, quickly. >> well, it's an incomprehensible jumble of words. i was